Streamr DATAcoinAlış
DATAUSDT resuming Uptrend on the Weekly Chart (+72% expected)
Hi,
after channel break confirmation in March 2020, DATAUSDT started to grow.
After 9 weeks correction, seems to have found support on the weekly 20MA and now bouncing out of the descending wedge.
RSI and MACD show a possible trend inversion.
Volume is expected to boom after such a long thin range.
A convenient Stop loss could be placed under 0,054$ (local uptrend line on the daily chart) for a 1:10 risk/reward.
Below weekly 20MA this analysis is invalidated. Can be used as stop loss alternative.
First target is retest of the last high at around 0.10$ (+72% at the time of this analysis).
Other targets can be found in the chart.
Ciao,
after channel break confirmation in March 2020, DATAUSDT started to grow.
After 9 weeks correction, seems to have found support on the weekly 20MA and now bouncing out of the descending wedge.
RSI and MACD show a possible trend inversion.
Volume is expected to boom after such a long thin range.
A convenient Stop loss could be placed under 0,054$ (local uptrend line on the daily chart) for a 1:10 risk/reward.
Below weekly 20MA this analysis is invalidated. Can be used as stop loss alternative.
First target is retest of the last high at around 0.10$ (+72% at the time of this analysis).
Other targets can be found in the chart.
Ciao,
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.